Juan Is a Salesperson for Floor Masters, Inc

question 156

Multiple Choice

Juan is a salesperson for Floor Masters, Inc. He really appreciates the amount of freedom and authority the company gives its sales people in order to better meet the needs of customers. Juan's experience suggests that Floor Masters practices 

• A) centralized management.
• B) fast response theory.
• C) enfranchisement.
• D) empowerment.

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Definitions:

Corporate Contracts

Agreements entered into by a corporation with other entities or individuals, covering aspects such as sales, services, and leases.

Full Disclosure

The requirement or practice of disclosing all relevant and significant information to a transaction's parties, often used in financial and legal contexts.

Business Judgment Rule

A rule under which courts will not hold corporate officers and directors liable for honest mistakes of judgment and bad business decisions that were made in good faith.

Negligence Or Mismanagement

The failure to exercise the care or oversight required, resulting in harm or loss.